Brief: Mapfre Launches Cash Tender Offer For €600 Mln Notes
BRIEF-Mapfre Launches Cash Tender Offer For €600 Mln Notes June 1 (Reuters) - Mapfre SA MAP.MC:
CASH TENDER OFFER FOR EUR 600 MILLION SUBORDINATED NOTES DUE MARCH 2047
TENDER OFFER PRICE SET AT 101.15% OF NOMINAL VALUE
TENDER OFFER PERIOD FROM JUNE 1 TO JUNE 8
INITIATES MARKET SOUNDING FOR NEW TIER 2 EURO NOTES
TENDER OFFER CONDITIONAL ON ISSUANCE OF AT LEAST EUR 500 MILLION NEW NOTES
Source text: ID:nCNM9fdYxB
Further company coverage: MAP.MC
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